{"id":10321,"date":"2024-05-12T02:54:42","date_gmt":"2024-05-11T18:54:42","guid":{"rendered":"https:\/\/annualreport.groupbanyan.com\/2023\/sustainability\/?page_id=10321"},"modified":"2024-05-22T00:45:25","modified_gmt":"2024-05-21T16:45:25","slug":"appendix","status":"publish","type":"page","link":"https:\/\/annualreport.groupbanyan.com\/2023\/sustainability\/appendix\/","title":{"rendered":"Appendix"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"10321\" class=\"elementor elementor-10321\" data-elementor-post-type=\"page\">\n\t\t\t\t<div class=\"elementor-element elementor-element-041ef1d e-flex e-con-boxed e-con e-parent\" data-id=\"041ef1d\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-1ed88dd e-con-full e-flex e-con e-child\" data-id=\"1ed88dd\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-254757c elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"254757c\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;,&quot;_animation_delay&quot;:160}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.21.0 - 08-05-2024 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h1 class=\"elementor-heading-title elementor-size-default\">APPENDIX<\/h1>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c60e954 elementor-invisible elementor-widget elementor-widget-text-editor\" data-id=\"c60e954\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;,&quot;_animation_delay&quot;:480}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.21.0 - 08-05-2024 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p>As pioneers of sustainable tourism, we serve as stewards of the environment and communities, and act in an ethical and accountable manner.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-ade49c8 e-flex e-con-boxed e-con e-parent\" data-id=\"ade49c8\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-2f96231 e-con-full e-flex elementor-invisible e-con e-child\" data-id=\"2f96231\" data-element_type=\"container\" data-settings=\"{&quot;animation_delay&quot;:160,&quot;animation&quot;:&quot;fadeInUp&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-f919203 elementor-widget elementor-widget-heading\" data-id=\"f919203\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">MATERIAL TOPICS<\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0502dd0 elementor-widget elementor-widget-heading\" data-id=\"0502dd0\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">MATERIALITY: WHAT WE MEASURE, MANAGE AND MITIGATE<\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f2f31e1 elementor-widget elementor-widget-text-editor\" data-id=\"f2f31e1\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>In 2022, we developed strategies, established baselines, drafted policies and new procedures to support implementation of the materiality assessment we completed at the end of 2021. Executive management presented these to the Board, refined them based on the directors\u2019 feedback, and obtained the Board\u2019s approval.The process by which we renewed materiality was as follows:<\/p><ul><li>We reviewed published academic literature, competitor and industry reports to incorporate emerging material risks.<\/li><li>Executive management approved for prioritisation a shortlist of 14 existing and emerging environmental, social and governance (ESG) material risks pertinent to our business.<\/li><li>The severity and likelihood of material risk impacts were rated following Global Reporting Initiative (GRI) (2021) guidance, via an online survey, with 659 senior and executive management respondents across Banyan Tree Group worldwide. Material topics were evaluated at the residual level, considering the adequacy and effectiveness of existing controls and progress, and comparing the impact of each topic from our business against other topics rather than within a global context that may not be within our control.<\/li><\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-88a508f elementor-widget elementor-widget-text-editor\" data-id=\"88a508f\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>This framework provides the foundation of our efforts from 2022 to 2030. Regular reviews ensure it is current, meets stakeholder needs and promotes responsible travel. This report is the second for our current material topics. For each topic, we present its importance, its scope, our management approach, Key Performance Indicators (KPIs) and progress, in accordance with the reporting requirements of the Singapore Exchange (SGX) and referencing GRI standards.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-b3fe1cd e-con-full e-flex e-con e-child\" data-id=\"b3fe1cd\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-cc5701c elementor-widget elementor-widget-image\" data-id=\"cc5701c\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.21.0 - 08-05-2024 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"768\" height=\"642\" src=\"https:\/\/annualreport.groupbanyan.com\/2023\/sustainability\/wp-content\/uploads\/2024\/05\/Materiality-Graphh-3-768x642.jpg\" class=\"attachment-medium_large size-medium_large wp-image-10955\" alt=\"\" srcset=\"https:\/\/annualreport.groupbanyan.com\/2023\/sustainability\/wp-content\/uploads\/2024\/05\/Materiality-Graphh-3-768x642.jpg 768w, https:\/\/annualreport.groupbanyan.com\/2023\/sustainability\/wp-content\/uploads\/2024\/05\/Materiality-Graphh-3-300x251.jpg 300w, https:\/\/annualreport.groupbanyan.com\/2023\/sustainability\/wp-content\/uploads\/2024\/05\/Materiality-Graphh-3.jpg 911w, https:\/\/annualreport.groupbanyan.com\/2023\/sustainability\/wp-content\/uploads\/2024\/05\/Materiality-Graphh-3-300x251@2x.jpg 600w\" sizes=\"(max-width: 768px) 100vw, 768px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-79d347e elementor-widget elementor-widget-heading\" data-id=\"79d347e\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\"><br>We<b> <\/b>defined impact scope and developed mitigation strategies for the five greatest material risks from our business:<\/h6>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ef0c542 elementor-widget elementor-widget-heading\" data-id=\"ef0c542\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\"><span style=\"font-weight: normal;\">WASTE, BIODIVERSITY, WATER SCARCITY, CLIMATE CHANGE, AND DIVERSITY, EQUALITY AND INCLUSION.<\/span><\/h6>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-de99ad5 e-con-full e-flex e-con e-child\" data-id=\"de99ad5\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-190d603 elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"190d603\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;,&quot;_animation_delay&quot;:160}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">LIST OF CORE ESG METRICS<\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-e1298c4 e-con-full e-flex elementor-invisible e-con e-child\" data-id=\"e1298c4\" data-element_type=\"container\" data-settings=\"{&quot;animation&quot;:&quot;fadeInUp&quot;,&quot;animation_delay&quot;:160}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-802410f elementor-widget elementor-widget-heading\" data-id=\"802410f\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">Environmental<\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-328c4aa elementor-widget elementor-widget-shortcode\" data-id=\"328c4aa\" data-element_type=\"widget\" data-widget_type=\"shortcode.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-shortcode\">\n<table id=\"tablepress-27\" class=\"tablepress tablepress-id-27 tbody-has-connected-cells\">\n<tbody>\n<tr class=\"row-1\">\n\t<td class=\"column-1\">Topic<\/td><td class=\"column-2\">Metric<\/td><td class=\"column-3\">Unit<\/td><td class=\"column-4\">2023 Result<\/td><td class=\"column-5\">Framework Alignment<\/td>\n<\/tr>\n<tr class=\"row-2\">\n\t<td rowspan=\"2\" class=\"column-1\">Greenhouse Gas Emissions (GHG)<\/td><td class=\"column-2\">Absolute emissions  by: (a) Total; (b) Scope 1, Scope 2; and (c) Scope 3, if appropriate<\/td><td class=\"column-3\">tCO<sub>2<\/sub>e<\/td><td class=\"column-4\"><ol><li>296 KtCO<sub>2<\/sub>e<\/li><li>Scope 1:<br \/>\n41 KtCO<sub>2<\/sub>e<br \/>\nScope 2: 127 KtCO<sub>2<\/sub>e<\/li><li>Scope 3: 128 KtCO<sub>2<\/sub>e<\/li><\/ol><\/td><td class=\"column-5\">GRI 305-1, GRI 305-2, GRI 305-3, TCFD, SASB 110, WEF core metrics<\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-2\">Emission intensities by: <br>(a) Total; (b) Scope 1, Scope  2; and (c) Scope 3, if appropriate<\/td><td class=\"column-3\">tCO<sub>2<\/sub>e\/organisation \u2013 specific metrics<br \/>\n(note: metric is kg per occupied room)<\/td><td class=\"column-4\">Total 159 KgCO<sub>2<\/sub>e <br \/>\nPer Occupied Room<\/td><td class=\"column-5\">GRI 305-4, TCFD, SASB 110<\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td rowspan=\"2\" class=\"column-1\">Energy Consumption<\/td><td class=\"column-2\">Total energy consumption<\/td><td class=\"column-3\">MWhs or GJ<\/td><td class=\"column-4\">236,780,000 KwH<\/td><td class=\"column-5\">GRI 302-1, TCFD, SASB 130<\/td>\n<\/tr>\n<tr class=\"row-5\">\n\t<td class=\"column-2\">Energy consumption intensity<\/td><td class=\"column-3\">MWhs or GJ\/organisation \u2013 specific metrics<\/td><td class=\"column-4\">152 KwH Per Occupied Room<\/td><td class=\"column-5\">GRI 302-3, TCFD<\/td>\n<\/tr>\n<tr class=\"row-6\">\n\t<td rowspan=\"2\" class=\"column-1\">Water Consumption<\/td><td class=\"column-2\">Total water consumption<\/td><td class=\"column-3\">ML or m<sup>3<\/sup><\/td><td class=\"column-4\">5,361,000<\/td><td class=\"column-5\">CBM GRI 303-5, SASB 140, TCFD, WEF core metrics<\/td>\n<\/tr>\n<tr class=\"row-7\">\n\t<td class=\"column-2\">Water consumption intensity<\/td><td class=\"column-3\">ML or m<sup>3<\/sup>\/organisation \u2013 specific metrics<\/td><td class=\"column-4\">3.44 CBM Per Occupied Room<\/td><td class=\"column-5\">TCFD, SASB IF-RE-140a.1<\/td>\n<\/tr>\n<tr class=\"row-8\">\n\t<td class=\"column-1\">Waste Generation<\/td><td class=\"column-2\">Total waste generated<\/td><td class=\"column-3\">t<\/td><td class=\"column-4\">12,582,105 KG<\/td><td class=\"column-5\">GRI 306-3, SASB 150, TCFD, WEF expanded metrics<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-27 from cache --><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-675d2fa e-con-full e-flex elementor-invisible e-con e-child\" data-id=\"675d2fa\" data-element_type=\"container\" data-settings=\"{&quot;animation&quot;:&quot;fadeInUp&quot;,&quot;animation_delay&quot;:160}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-eef19f7 elementor-widget elementor-widget-heading\" data-id=\"eef19f7\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">Social<\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7c87b7e elementor-widget elementor-widget-shortcode\" data-id=\"7c87b7e\" data-element_type=\"widget\" data-widget_type=\"shortcode.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-shortcode\">\n<table id=\"tablepress-28\" class=\"tablepress tablepress-id-28 tbody-has-connected-cells\">\n<tbody>\n<tr class=\"row-1\">\n\t<td class=\"column-1\">Topic<\/td><td class=\"column-2\">Metric<\/td><td class=\"column-3\">Unit<\/td><td colspan=\"4\" class=\"column-4\">2023 Result<\/td><td class=\"column-8\">Framework Alignment<\/td>\n<\/tr>\n<tr class=\"row-2\">\n\t<td rowspan=\"2\" class=\"column-1\">Gender Diversity<\/td><td class=\"column-2\">Current Employees by gender<\/td><td class=\"column-3\">Percentage (%)<\/td><td class=\"column-4\">Total = 13,169<\/td><td class=\"column-5\">M=<br \/>\n7,613 <br \/>\n(57.8<sup>%<\/sup>)<\/td><td colspan=\"2\" class=\"column-6\">F =<br \/>\n5,556 <br \/>\n(42.2<sup>%<\/sup>)<\/td><td class=\"column-8\">GRI 405-1, SASB 330, WEF core metrics<\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-2\">New hires and turnover by gender<\/td><td class=\"column-3\">Percentage (%)<\/td><td class=\"column-4\"><br \/>\nNew Hires:<br \/>\nTurnover:<\/td><td class=\"column-5\">Male<br \/>\n54.5<sup>%<\/sup><br \/>\n55.9<sup>%<\/sup><\/td><td colspan=\"2\" class=\"column-6\">Female<br \/>\n45.5<sup>%<\/sup><br \/>\n44.1<sup>%<\/sup><\/td><td class=\"column-8\">GRI 401-1, WEF core metrics<\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td rowspan=\"2\" class=\"column-1\">Associate Snapshot<\/td><td class=\"column-2\">Current employees by age groups<\/td><td class=\"column-3\">Percentage (%)<\/td><td class=\"column-4\">Job Level:<br \/>\nSenior Management:<br \/>\nSupervisor:<br \/>\nNon-Supervisor:<\/td><td class=\"column-5\"><span style=\"color:#003824;font-weight:bold;\"><30<\/span><br \/>\n0.27<sup>%<\/sup><br \/>\n2.09<sup>%<\/sup><br \/>\n29.68<sup>%<\/sup><\/td><td class=\"column-6\"><span style=\"color:#003824;font-weight:bold;\">30-50<\/span><br \/>\n3.79<sup>%<\/sup><br \/>\n15.59<sup>%<\/sup><br \/>\n38.56<sup>%<\/sup><\/td><td class=\"column-7\"><span style=\"color:#003824;font-weight:bold;\">>50<\/span><br \/>\n1.26<sup>%<\/sup><br \/>\n1.40<sup>%<\/sup><br \/>\n7.36<sup>%<\/sup><\/td><td class=\"column-8\">GRI 405-1, WEF core metrics<\/td>\n<\/tr>\n<tr class=\"row-5\">\n\t<td class=\"column-2\">New hires and turnover by age groups<\/td><td class=\"column-3\">Percentage (%)<\/td><td class=\"column-4\"><br \/>\nNew Hires:<br \/>\nTurnover:<\/td><td class=\"column-5\"><span style=\"color:#003824;font-weight:bold;\"><30<\/span><br \/>\n51.8<sup>%<\/sup><br \/>\n45.1<sup>%<\/sup><\/td><td class=\"column-6\"><span style=\"color:#003824;font-weight:bold;\">30-50<\/span><br \/>\n44.0<sup>%<\/sup><br \/>\n48.6<sup>%<\/sup><\/td><td class=\"column-7\"><span style=\"color:#003824;font-weight:bold;\">>50<\/span><br \/>\n4.2<sup>%<\/sup><br \/>\n6.3<sup>%<\/sup><\/td><td class=\"column-8\">GRI 401-1, WEF core metrics<\/td>\n<\/tr>\n<tr class=\"row-6\">\n\t<td rowspan=\"2\" class=\"column-1\">Employment<\/td><td class=\"column-2\">Total turnover<\/td><td class=\"column-3\">Number and Percentage (%)<\/td><td colspan=\"4\" class=\"column-4\">3,489 \u2013 26.5<sup>%<\/sup><\/td><td class=\"column-8\">GRI 401-1, SASB 310, WEF core metrics<\/td>\n<\/tr>\n<tr class=\"row-7\">\n\t<td class=\"column-2\">Total number of employees<\/td><td class=\"column-3\">Number<\/td><td colspan=\"4\" class=\"column-4\">Total = 13,169<\/td><td class=\"column-8\">GRI 2-7<\/td>\n<\/tr>\n<tr class=\"row-8\">\n\t<td rowspan=\"2\" class=\"column-1\">Development &amp; Training<\/td><td class=\"column-2\">Average training hours per employee<\/td><td class=\"column-3\">Hours\/No. of employees<\/td><td colspan=\"4\" class=\"column-4\">7.06 hours per month<\/td><td class=\"column-8\">GRI 404-1, WEF core metrics<\/td>\n<\/tr>\n<tr class=\"row-9\">\n\t<td class=\"column-2\">Average training hours per employee by gender<\/td><td class=\"column-3\">Hours\/No. of employees<\/td><td class=\"column-4\">M = 528,040<\/td><td colspan=\"3\" class=\"column-5\">F = 476,138<\/td><td class=\"column-8\">GRI 404-1, WEF core metrics<\/td>\n<\/tr>\n<tr class=\"row-10\">\n\t<td rowspan=\"4\" class=\"column-1\">Occupational Health &amp; <br \/>\nSafety<\/td><td class=\"column-2\">Fatalities<\/td><td class=\"column-3\">Number of cases<\/td><td colspan=\"4\" class=\"column-4\">1<\/td><td class=\"column-8\">GRI 403-9, WEF core metrics, MOM (Singapore), SASB 320<\/td>\n<\/tr>\n<tr class=\"row-11\">\n\t<td class=\"column-2\">High consequence injuries<\/td><td class=\"column-3\">Number of cases<\/td><td colspan=\"4\" class=\"column-4\">7<\/td><td class=\"column-8\"><\/td>\n<\/tr>\n<tr class=\"row-12\">\n\t<td class=\"column-2\">Recordable injuries<\/td><td class=\"column-3\">Number of cases<\/td><td colspan=\"4\" class=\"column-4\">436<\/td><td class=\"column-8\"><\/td>\n<\/tr>\n<tr class=\"row-13\">\n\t<td class=\"column-2\">Recordable work-related ill health cases<\/td><td class=\"column-3\">Number of cases<\/td><td colspan=\"4\" class=\"column-4\">84<\/td><td class=\"column-8\">GRI 403-10, WEF expanded metrics, MOM (Singapore)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-28 from cache --><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-98e32a1 e-con-full e-flex elementor-invisible e-con e-child\" data-id=\"98e32a1\" data-element_type=\"container\" data-settings=\"{&quot;animation&quot;:&quot;fadeInUp&quot;,&quot;animation_delay&quot;:160}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-ed41f81 elementor-widget elementor-widget-heading\" data-id=\"ed41f81\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">Governance<\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0098f0e elementor-widget elementor-widget-shortcode\" data-id=\"0098f0e\" data-element_type=\"widget\" data-widget_type=\"shortcode.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-shortcode\">\n<table id=\"tablepress-29\" class=\"tablepress tablepress-id-29 tbody-has-connected-cells\">\n<tbody>\n<tr class=\"row-1\">\n\t<td class=\"column-1\">Topic<\/td><td class=\"column-2\">Metric<\/td><td class=\"column-3\">Unit<\/td><td class=\"column-4\">2023 Metric<\/td><td class=\"column-5\">Source<\/td>\n<\/tr>\n<tr class=\"row-2\">\n\t<td rowspan=\"2\" class=\"column-1\">Board Composition<\/td><td class=\"column-2\">Board independence<\/td><td class=\"column-3\">Percentage (%)<\/td><td class=\"column-4\">55<sup>%<\/sup><\/td><td class=\"column-5\">GRI 2-9, WEF core metrics<\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-2\">Women on the board<\/td><td class=\"column-3\">Percentage (%)<\/td><td class=\"column-4\">Our current Women On Board (WOB) percentage of 18<sup>%<\/sup> is close to the 25<sup>%<\/sup> target set by the Council of Board Diversity. Our WOB percentage for Independent Directors is 33<sup>%<\/sup><\/td><td class=\"column-5\">GRI 2-9, GRI 405 \u2013 1, WEF core metrics<\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td class=\"column-1\">Management Diversity<\/td><td class=\"column-2\">Women in the management team<\/td><td class=\"column-3\">Percentage (%)<\/td><td class=\"column-4\">Use JG3 and above as reported already in the SR<\/td><td class=\"column-5\">GRI 2-9, GRI 405-1, WEF core metrics, SASB 330<\/td>\n<\/tr>\n<tr class=\"row-5\">\n\t<td rowspan=\"2\" class=\"column-1\">Ethical Behaviour<\/td><td class=\"column-2\">Anti-corruption disclosures<\/td><td class=\"column-3\">Discussion and number of standards<\/td><td class=\"column-4\">98.4<sup>%<\/sup> of all associates signed the Code of Conduct declaration.<\/td><td class=\"column-5\">GRI 205-1, GRI 205-2 and GRI 205-3<\/td>\n<\/tr>\n<tr class=\"row-6\">\n\t<td class=\"column-2\">Anti-corruption training for employees<\/td><td class=\"column-3\">Number and Percentage (%)<\/td><td class=\"column-4\">10,861 Associates or 92.02<sup>%<\/sup><\/td><td class=\"column-5\">GRI 205-2, WEF core metrics<\/td>\n<\/tr>\n<tr class=\"row-7\">\n\t<td class=\"column-1\">Alignment with the framework<\/td><td class=\"column-2\">Alignment with the framework and disclosure practices<\/td><td class=\"column-3\">GRI\/TCFD\/SASB\/ SDGs\/ others<\/td><td class=\"column-4\">SDG<br \/>\nTCFD<\/td><td class=\"column-5\">SGX-ST Listing Rules (Mainboard) 711A and 711B, Practice Note 7.6; SGX-ST Listing Rules (Catalist) 711A and 711B, Practice Note 7F<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-29 from cache --><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-071a510 e-con-full e-flex elementor-invisible e-con e-child\" data-id=\"071a510\" data-element_type=\"container\" data-settings=\"{&quot;animation_delay&quot;:160,&quot;animation&quot;:&quot;fadeInUp&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-bcb6a67 elementor-widget elementor-widget-heading\" data-id=\"bcb6a67\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">Alignment with The United Nations Sustainable Development Goals<\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-04f24b7 elementor-widget elementor-widget-text-editor\" data-id=\"04f24b7\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Our planet is undergoing unprecedented global societal and environmental change. To address and combat this, the United Nations Sustainable Development Goals (SDGs) define priorities and set ambitious global targets for 2030 to combat poverty, inequality and tackle climate change.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-22a6cd3 elementor-widget elementor-widget-image\" data-id=\"22a6cd3\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"2560\" height=\"1211\" src=\"https:\/\/annualreport.groupbanyan.com\/2023\/sustainability\/wp-content\/uploads\/2024\/05\/Aligning-with-SDGs-vector-scaled.jpg\" class=\"attachment-full size-full wp-image-10845\" alt=\"\" srcset=\"https:\/\/annualreport.groupbanyan.com\/2023\/sustainability\/wp-content\/uploads\/2024\/05\/Aligning-with-SDGs-vector-scaled.jpg 2560w, https:\/\/annualreport.groupbanyan.com\/2023\/sustainability\/wp-content\/uploads\/2024\/05\/Aligning-with-SDGs-vector-300x142.jpg 300w, https:\/\/annualreport.groupbanyan.com\/2023\/sustainability\/wp-content\/uploads\/2024\/05\/Aligning-with-SDGs-vector-1024x484.jpg 1024w, https:\/\/annualreport.groupbanyan.com\/2023\/sustainability\/wp-content\/uploads\/2024\/05\/Aligning-with-SDGs-vector-768x363.jpg 768w, https:\/\/annualreport.groupbanyan.com\/2023\/sustainability\/wp-content\/uploads\/2024\/05\/Aligning-with-SDGs-vector-1536x726.jpg 1536w, https:\/\/annualreport.groupbanyan.com\/2023\/sustainability\/wp-content\/uploads\/2024\/05\/Aligning-with-SDGs-vector-2048x968.jpg 2048w, https:\/\/annualreport.groupbanyan.com\/2023\/sustainability\/wp-content\/uploads\/2024\/05\/Aligning-with-SDGs-vector-300x142@2x.jpg 600w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8000cb4 elementor-widget elementor-widget-text-editor\" data-id=\"8000cb4\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Aligning our efforts with the SDGs helps us contribute towards supporting social and environmental challenges that cannot succeed without each other. Through our new materiality analysis, we have identified areas of impact on which to focus our efforts, scale up positive impacts, and reduce or avoid negative impacts. Our efforts directly and indirectly contribute towards the SDGs as shown.<\/p><p>Specific calls to tourism: SDGs 8, 12 and 14.<\/p><p>1\u201312: Social<br \/>13\u201315: Environmental<br \/>16\u201317: Peace &amp; Partnership<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c4666ec elementor-widget elementor-widget-image\" data-id=\"c4666ec\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/annualreport.groupbanyan.com\/2023\/sustainability\/wp-content\/uploads\/2024\/05\/608010_BT_Sustainability_Report_FA_Digital-Spreads-1-scaled-e1715656052688.jpg\" data-elementor-open-lightbox=\"yes\" data-elementor-lightbox-title=\"608010_BT_Sustainability_Report_FA_Digital-Spreads (1)\" data-e-action-hash=\"#elementor-action%3Aaction%3Dlightbox%26settings%3DeyJpZCI6MTA4MTgsInVybCI6Imh0dHBzOlwvXC9hbm51YWxyZXBvcnQuZ3JvdXBiYW55YW4uY29tXC8yMDIzXC9zdXN0YWluYWJpbGl0eVwvd3AtY29udGVudFwvdXBsb2Fkc1wvMjAyNFwvMDVcLzYwODAxMF9CVF9TdXN0YWluYWJpbGl0eV9SZXBvcnRfRkFfRGlnaXRhbC1TcHJlYWRzLTEtc2NhbGVkLWUxNzE1NjU2MDUyNjg4LmpwZyJ9\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"2026\" height=\"1804\" src=\"https:\/\/annualreport.groupbanyan.com\/2023\/sustainability\/wp-content\/uploads\/2024\/05\/608010_BT_Sustainability_Report_FA_Digital-Spreads-1-scaled-e1715656052688.jpg\" class=\"attachment-full size-full wp-image-10818\" alt=\"\" srcset=\"https:\/\/annualreport.groupbanyan.com\/2023\/sustainability\/wp-content\/uploads\/2024\/05\/608010_BT_Sustainability_Report_FA_Digital-Spreads-1-scaled-e1715656052688.jpg 2026w, https:\/\/annualreport.groupbanyan.com\/2023\/sustainability\/wp-content\/uploads\/2024\/05\/608010_BT_Sustainability_Report_FA_Digital-Spreads-1-scaled-e1715656052688-300x267.jpg 300w, https:\/\/annualreport.groupbanyan.com\/2023\/sustainability\/wp-content\/uploads\/2024\/05\/608010_BT_Sustainability_Report_FA_Digital-Spreads-1-scaled-e1715656052688-1024x912.jpg 1024w, https:\/\/annualreport.groupbanyan.com\/2023\/sustainability\/wp-content\/uploads\/2024\/05\/608010_BT_Sustainability_Report_FA_Digital-Spreads-1-scaled-e1715656052688-768x684.jpg 768w, https:\/\/annualreport.groupbanyan.com\/2023\/sustainability\/wp-content\/uploads\/2024\/05\/608010_BT_Sustainability_Report_FA_Digital-Spreads-1-scaled-e1715656052688-1536x1368.jpg 1536w\" sizes=\"(max-width: 2026px) 100vw, 2026px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-67e481e e-con-full e-flex elementor-invisible e-con e-child\" data-id=\"67e481e\" data-element_type=\"container\" data-settings=\"{&quot;animation_delay&quot;:160,&quot;animation&quot;:&quot;fadeInUp&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-0dbe5aa elementor-widget elementor-widget-heading\" data-id=\"0dbe5aa\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">Task force for climate-related financial disclosures (tcfd) content index<\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f835ddb elementor-widget elementor-widget-text-editor\" data-id=\"f835ddb\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><b>Task Force on Climate-Related Financial Disclosures (TCFD)<\/b><\/p><p>The below maps the steps Banyan Group is taking against the 11 recommended disclosures across 4 recommendations of the TCFD.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fb03900 elementor-widget elementor-widget-shortcode\" data-id=\"fb03900\" data-element_type=\"widget\" data-widget_type=\"shortcode.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-shortcode\">\n<table id=\"tablepress-30\" class=\"tablepress tablepress-id-30 tcfd-parent tbody-has-connected-cells\">\n<tbody>\n<tr class=\"row-1\">\n\t<td class=\"column-1\">Disclosure<\/td><td class=\"column-2\">Steps Banyan Group is taking<\/td>\n<\/tr>\n<tr class=\"row-2\">\n\t<td colspan=\"2\" class=\"column-1\">GOVERNANCE<\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\">Describe the board\u2019s oversight of climate related risks and opportunities.<\/td><td class=\"column-2\"><ul><li>The ARC has oversight of the Group\u2019s sustainability approach and the integration of sustainability-related matters, including climate related issues, in the formulation of Group strategy. The ARC reports to the Board and is the primary vehicle for engagement with the Board on sustainability matters. There are quarterly meetings to track progress, raise issues or concerns and obtain input and feedback.<\/li><li>The ARC is updated on the climate-related risk and opportunities and actions taken by management in line with TCFD requirements every quarter.<\/li><li>The ARC monitors and oversees progress on sustainability and climate related risks and opportunities that meet shareholders\u2019 expectations, and reviews significant issues raised.<\/li><li>The Board approves the Sustainability Report, which provides comprehensive sustainability disclosures.<\/li><\/ul><\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td class=\"column-1\">Describe management\u2019s role in assessing and managing climate related risks and opportunities.<\/td><td class=\"column-2\"><ul><li>The management Executive Committee (Exco) is responsible for monitoring ESG factors and performance\/prospective impacts.<\/li><li>A sustainability team comprising Group Sustainability and Risk managers, drives the implementation of the Group\u2019s sustainability strategy. The team is headed by an Exco member.<\/li><li>Each property has a Sustainability Champion and Green Teams to support the Group\u2019s strategy.<\/li><\/ul><\/td>\n<\/tr>\n<tr class=\"row-5\">\n\t<td colspan=\"2\" class=\"column-1\">STRATEGY<\/td>\n<\/tr>\n<tr class=\"row-6\">\n\t<td class=\"column-1\">Describe the climate related risks and opportunities the company has identified over the short, medium, and long term.<\/td><td class=\"column-2\"><ul><li>In 2023, we worked with an external consultant to review the climate related risk and opportunities identified in 2022 (10). With their input, the initial list was expanded to be more specific and take into consideration geographical factors for each risk and opportunity. The updated climate risk and opportunities comprise of 30 risks and opportunities.<\/li><li>A prioritisation workshop involving key Banyan Group stakeholders across risk management, sustainability, finance, strategy and operational teams, was conducted to shortlist 25 climate risks and opportunities where a qualitative analysis was performed.<\/li><li>Each of the risks and opportunities identified was given a risk rating according to degree of change in a 4\u00b0C scenario for Physical Risk and in 1.5\/2\u00b0C scenario for Transition Risk, between projected future (2030-2050) against today, and may be vulnerable across short, medium and long term time horizons (2025, 2030 and 2050, respectively).<\/li><li>From the shortlist of 25 climate risks and opportunities, a qualitative assessment hotspot scenario analysis was performed by an external consultant.<\/li><li>The list of 25 risks and opportunities comprise of 15 Physical risks and opportunities and 10 Transition risks and opportunities.<\/li><li>Under a high physical impact scenario (+4\u00b0C), Banyan Group may face the greatest climate impacts on financially material sites primarily due to heatwaves and tropical cyclones in 2030 and 2050. Banyan Group is managing this process within its directly owned portfolio as an immediate priority and will also be engaging the management teams of hotels not directly owned by Banyan Group to encourage initiatives to tackle this risk and include these in their future Capital Budget Planning.<\/li><li>Under a high transition impact scenario (+1.5\u20132\u00b0C), Banyan Group\u2019s greatest transition risks are carbon pricing, stricter building decarbonisation mandates, and the increasing trend towards low-footprint hotels and residences. Significant transition opportunities were also identified around technological advancements in building energy-saving technologies and renewable energy technologies, as they are already mature technologies and do not rely on technological breakthroughs.<\/li><\/ul><\/td>\n<\/tr>\n<tr class=\"row-7\">\n\t<td class=\"column-1\">Describe the impact of climate-related risks and opportunities on the company\u2019s businesses, strategy, and financial planning<\/td><td class=\"column-2\"><ul><li>For the shortlist of 25 climate risks and opportunities, potential impacts were identified as part of the hot spot analysis. This list was further narrowed down to 4 climate risks for an in-depth analysis.<\/li><li>The 4 climate risks and their potential impacts are as follows: \n<table id=\"tablepress-31\" class=\"tablepress tablepress-id-31\">\n<tbody>\n<tr class=\"row-1\">\n\t<td class=\"column-1\">Risks<\/td><td class=\"column-2\">Potential Impacts<\/td>\n<\/tr>\n<tr class=\"row-2\">\n\t<td class=\"column-1\">Changing monsoon season<\/td><td class=\"column-2\">Changes to the start and end of monsoon season impact revenue projections.<br \/>\n<br \/>\nTourists avoid destinations during monsoon season, for example due to media reports, leading to a loss of revenue.<\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\">Heatwaves and higher temperatures<\/td><td class=\"column-2\">Heatwaves significantly impact the health and productivity of subcontracted construction workers and Banyan Group\u2019s employees and guests, even with mitigation plans in place, such as training and equipment.<br \/>\n<br \/>\nTourists avoid destinations during heat waves, for example due to media reports, leading to loss of revenue.<\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td class=\"column-1\">Carbon pricing<\/td><td class=\"column-2\">Construction is carbon-intensive, due to the use of concrete, steel, and fuel. Subcontractors who face increased costs due to carbon pricing, may pass a portion of these costs on to Banyan Group.<br \/>\n<br \/>\nThis pattern of passed on costs may occur elsewhere in the Banyan Group value chain, including the supply of energy and goods.<\/td>\n<\/tr>\n<tr class=\"row-5\">\n\t<td class=\"column-1\">Evolving building decarbonisation policies for property development<\/td><td class=\"column-2\">Mandatory design\/construction requirements (e.g. embodied and operational carbon\/energy efficiency) may increase construction\/design costs, for example, to upgrade to more energy\/water efficient building systems\/appliances.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/li><\/ul><\/td>\n<\/tr>\n<tr class=\"row-8\">\n\t<td class=\"column-1\">Describe the resilience of the company\u2019s strategy, taking into consideration different climate-related scenarios, including a 2\u00b0C or lower scenario.<\/td><td class=\"column-2\">With the identification of the climate risks and opportunities, we enhanced our understanding of how climate related risks and opportunities could affect our business and operations. We are in the midst of performing a business resilience assessment to better align ourselves for the future.<br \/>\n<br \/>\n<ul><li>In addition, we also identified and are embarking on various emission reduction projects to enable us to meet our emission reduction targets.<\/li><li>Some examples of resilience measures which we are developing include investing in rainwater harvesting systems to divert excess water for useful purposes, adding more shade and exploring cool (heat reflective) roofs and\/or walls.<\/li><\/ul><\/td>\n<\/tr>\n<tr class=\"row-9\">\n\t<td colspan=\"2\" class=\"column-1\">RISK MANAGEMENT<\/td>\n<\/tr>\n<tr class=\"row-10\">\n\t<td class=\"column-1\">Describe the company\u2019s processes for identifying and assessing climate related risks.<\/td><td class=\"column-2\">The Group follows its Enterprise Risk Management Framework in identifying, assessing, and managing climate-related risks. Climate change is identified as a Tier 1 risk.<br \/>\n<br \/>\n<ul><li>Being a Tier 1 risk, the identified key controls and action plans are reviewed, and key risk indicators are implemented to track and monitor this risk.<\/li><li>A separate climate-change risk register was established in 2022 and updated in 2023, where 25 physical and transition risk and opportunities were identified. In addition, each risk was also assessed for information \/ data availability and degree of change in a 4\u00b0C scenario for Physical Risk and in 1.5\/2\u00b0C scenario for Transition Risk between projected future (2030-2050) against today.<\/li><li>Assessing each of the identified risks was based on exposure (how critical it is to the business), hazard (climate-related natural hazards and economic transitions) and vulnerability (estimation of strength of the impact and ability to recover from a certain hazard).<\/li><li>From the qualitative analysis (hotspot analysis) performed on the 25 Physical and Transition Risks and Opportunities, we further focused on 4 key risks and opportunities and are in the midst of a quantitative analysis. The quantitative analysis will provide an in-depth understanding of these risks and the financial impact it would have on our business.<\/li><li>With the in-depth analysis, the risk management function is also in the midst of reviewing strategies and initiatives we can take to address these top 4 key risks and opportunities.<\/li><\/ul><\/td>\n<\/tr>\n<tr class=\"row-11\">\n\t<td colspan=\"2\" class=\"column-1\">METRICS AND TARGETS<\/td>\n<\/tr>\n<tr class=\"row-12\">\n\t<td class=\"column-1\">Disclose the metrics used by the company to assess climate-related risks and opportunities in line with its strategy and risk management process.<\/td><td class=\"column-2\">The Group uses the following metrics: 1) energy use, 2) energy intensity, 3) emissions produced (Scopes 1, 2 and 3); 4) emission intensity; 5) water consumption; 6) waste management.<br \/>\n<br \/>\nSustainability has been included as a key performance indicator for senior management.<\/td>\n<\/tr>\n<tr class=\"row-13\">\n\t<td class=\"column-1\">Disclose Scope 1, Scope 2 and, if appropriate, Scope 3 greenhouse gas (GHG) emissions, and the related risks.<\/td><td class=\"column-2\">The total emissions for Banyan Group for 2023 was 296 KtCO2e. This is 9% higher than the emissions for 2022.<br \/>\n\n<table id=\"tablepress-32\" class=\"tablepress tablepress-id-32 tbody-has-connected-cells\">\n<tbody>\n<tr class=\"row-1\">\n\t<td rowspan=\"2\" class=\"column-1\">Scope<\/td><td colspan=\"2\" class=\"column-2\">GHG Emissions<\/td><td rowspan=\"2\" class=\"column-4\">Variance<\/td>\n<\/tr>\n<tr class=\"row-2\">\n\t<td class=\"column-2\">2023<\/td><td class=\"column-3\">2022<\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\">1<\/td><td class=\"column-2\">41 KtCO<sub>2<\/sub>e<\/td><td class=\"column-3\">35 KtCO<sub>2<\/sub>e<\/td><td class=\"column-4\">+17<sup>%<\/sup><\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td class=\"column-1\">2<\/td><td class=\"column-2\">127 KtCO<sub>2<\/sub>e<\/td><td class=\"column-3\">110 KtCO<sub>2<\/sub>e<\/td><td class=\"column-4\">+15<sup>%<\/sup><\/td>\n<\/tr>\n<tr class=\"row-5\">\n\t<td class=\"column-1\">3<\/td><td class=\"column-2\">128 KtCO<sub>2<\/sub>e<\/td><td class=\"column-3\">127 KtCO<sub>2<\/sub>e<\/td><td class=\"column-4\">+1<sup>%<\/sup><\/td>\n<\/tr>\n<tr class=\"row-6\">\n\t<td class=\"column-1\">Total<\/td><td class=\"column-2\">296 KtCO<sub>2<\/sub>e<\/td><td class=\"column-3\">272 KtCO<sub>2<\/sub>e<\/td><td class=\"column-4\">+9<sup>%<\/sup><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<br \/>\nIn 2023, our emission intensity per occupied room dropped by 22<sup>%<\/sup> to 159 kg CO<sub>2<\/sub>e.<br \/>\nThe increase in emissions is in line with revenue growth (21<sup>%<\/sup>) between 2022 and 2023.<br \/>\n<ul><li>We follow the GHG Protocol in mapping out GHG emissions.<\/li><\/ul><\/td>\n<\/tr>\n<tr class=\"row-14\">\n\t<td class=\"column-1\">Describe the targets used by the company to manage climate-related risks and opportunities and performance against targets.<\/td><td class=\"column-2\">To be in line with Science Based Targets initiatives (SBTi), we have: <br \/>\n<ul><li>Changed our GHG baseline from 2019 to 2022. <\/li><li>Expanded our carbon emissions measurements beyond hotels owned and managed by us, to include non-hotel operations.<\/li><li>Included measurement of Scope 3 emissions.<\/li><\/ul><br \/>\n<b>Targets<\/b><br \/>\n<ul><li>We have set a 42<sup>%<\/sup> absolute reduction target by 2030 from a 2022 baseline, for Scopes 1 and 2.<\/li><li>For our near-term targets, we have chosen a 1.5\u00b0C aligned target witha 42<sup>%<\/sup> reduction by 2030, for each of the business units as well as at the Group level.<\/li><li>For Scope 3, we have selected the physical intensity target for all business units requiring a 2<sup>%<\/sup> absolute reduction by 2030. This requires a 51.6<sup>%<\/sup> reduction in emissions per hotel room and per m2 of property development.<\/li><\/ul><br \/>\n<b>Progress:<\/b><br \/>\n<ul><li>Identified key emission reduction projects via Marginal Abatement Cost Curve (MACC) for hotels owned by Banyan Group in the Maldives, Bintan, Bangkok and L\u0103ng C\u00f4.<\/li><li>Completed measurement of 2023 full year carbon emissions. Our emission intensity per occupied room has been reduced by 22<sup>%<\/sup>, from 204kgCO<sub>2<\/sub>e\/occupied room to 159kgCO<sub>2<\/sub>e\/occupied room, despite a 40<sup>%<\/sup> increase in occupied rooms in 2023.<\/li><li>3<sup>%<\/sup> reduction in total emissions from property sales business unit in 2023 compared with 2022.<\/li><\/ul><br \/>\n<b>2023 initiatives:<\/b><br \/>\n<ol><li>Commenced installation of continuous batch washers at Laguna laundry services, which could potentially abate approximately 5,000tCO<sub>2<\/sub>e per year compared with conventional washers when fully operational.<\/li><li>For the construction of Laguna Beachside, we are replacing conventional steel reinforcement bars with rebar consisting of 97<sup>%<\/sup> recycled content which has 9<sup>%<\/sup> less embodied carbon.<\/li><li>Installed solar panels to power public facilities at the Laguna Lakeside condominium project, which would reduce electricity consumption by 18<sup>%<\/sup><\/li><\/ol><br \/>\n<b>Next Steps:<\/b><br \/>\n<ul><li>Prioritise and initiate the MACC projects identified in 2023.<\/li><li>Introduce the MACC projects to additional properties.<\/li><li>Continue to explore the use of low-emission construction materials to replace conventional higher-emission materials.<\/li><\/ul><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-30 from cache --><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>APPENDIX As pioneers of sustainable tourism, we serve as stewards of the environment and communities, and act in an ethical and accountable manner. MATERIAL TOPICS MATERIALITY: WHAT WE MEASURE, MANAGE AND MITIGATE In 2022, we developed strategies, established baselines, drafted policies and new procedures to support implementation of the materiality assessment we completed at the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"site-sidebar-layout":"no-sidebar","site-content-layout":"page-builder","ast-site-content-layout":"full-width-container","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"disabled","ast-breadcrumbs-content":"","ast-featured-img":"disabled","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"meta_box":[],"_links":{"self":[{"href":"https:\/\/annualreport.groupbanyan.com\/2023\/sustainability\/wp-json\/wp\/v2\/pages\/10321"}],"collection":[{"href":"https:\/\/annualreport.groupbanyan.com\/2023\/sustainability\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/annualreport.groupbanyan.com\/2023\/sustainability\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/annualreport.groupbanyan.com\/2023\/sustainability\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/annualreport.groupbanyan.com\/2023\/sustainability\/wp-json\/wp\/v2\/comments?post=10321"}],"version-history":[{"count":172,"href":"https:\/\/annualreport.groupbanyan.com\/2023\/sustainability\/wp-json\/wp\/v2\/pages\/10321\/revisions"}],"predecessor-version":[{"id":11694,"href":"https:\/\/annualreport.groupbanyan.com\/2023\/sustainability\/wp-json\/wp\/v2\/pages\/10321\/revisions\/11694"}],"wp:attachment":[{"href":"https:\/\/annualreport.groupbanyan.com\/2023\/sustainability\/wp-json\/wp\/v2\/media?parent=10321"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}